Why Beam Global (BEEM) Shares Are Seeing Blue Skies
Portfolio Pulse from Henry Khederian
Beam Global (NASDAQ:BEEM) shares surged 15.6% to $5.05 after reporting a record $10.6 million in second-quarter new orders, a 128% year-over-year increase. The company expanded its government contracts and saw significant growth in its commercial business. Beam Global also shipped its first EV ARC™ systems to Europe and highlighted its strong financial position with no debt.
July 02, 2024 | 4:42 pm
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Beam Global shares surged 15.6% after the company reported a record $10.6 million in second-quarter new orders, a 128% year-over-year increase. The company expanded its government contracts and saw significant growth in its commercial business. Beam Global also shipped its first EV ARC™ systems to Europe and highlighted its strong financial position with no debt.
The significant increase in new orders, expansion of government contracts, and entry into the European market are strong positive indicators for Beam Global. The company's strong financial position with no debt further supports the positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100